Township government · Somerset County, NJ

Franklin Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Franklin Township took in $88.4 million and spent $86.6 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Township taxes55%Fees for services (water, sewer)36%Federal tax money4.0%Fines and other3.5%State tax money1.6%

What stands out

36%

of Franklin Township's money comes from fees for services such as water, sewer and parking.A typical U.S. township or town of 50,000+ people gets 4.5%.

Township taxes55%

Property tax
51%$45.0 million
Other taxes
4.5%$4.0 million
What's in other taxesOther licenses; other selective sales taxes and 1 more
  • Other licenses$3.2 million
  • Other selective sales taxes$723 thousand
  • Alcoholic beverage licenses$84 thousand

Amounts are by Census tax category.

Fees for services36%

Fees for services
36%$31.4 million
What's in fees for servicesWater; sewer and 1 more
  • Water$16.1 million
  • Sewer$15.2 million
  • Other service charges$75 thousand

Amounts are by Census type of charge.

Federal tax money4.0%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
4.0%$3.6 million

State tax money1.6%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
1.6%$1.4 million

Fines and other3.5%

Interest, rents and other
3.1%$2.7 million
Fines
0.4%$324 thousand

Where it goes

Water, sewer, trash and utilities33%Running the government and other costs22%Police, fire, courts and jails19%Sent to other local governments8.5%Parks, recreation and libraries5.6%All other spending12%

What stands out

33%

of Franklin Township's spending goes to water, sewer, trash and other utilities.Most U.S. townships and towns of 50,000+ people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
33%$28.6 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$16.1 million
  • Sewer systems$12.0 million
  • Garbage and solid waste$508 thousand
Running the government and other costs
22%$19.4 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$17.0 million
  • Finance, tax collection and budgeting$1.2 million
  • Central staff services (personnel, purchasing, technology)$1.1 million
  • Government buildings$140 thousand
Police, fire, courts and jails
19%$16.3 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$14.8 million
  • Fire protection$795 thousand
  • Courts and legal services$684 thousand
Sent to other local governments
8.5%$7.4 million
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$7.4 million
Parks, recreation and libraries
5.6%$4.9 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$3.8 million
  • Parks and recreation$1.1 million
Roads, transit and parking
4.7%$4.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$4.0 million
Housing and community development
4.5%$3.9 million
Interest on debt
2.1%$1.8 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$1.4 million
  • Interest on water supply debt$416 thousand
Health and hospitals
0.3%$255 thousand
What's in health and hospitalsPublic health
  • Public health$255 thousand
Sources and moreWhere these numbers come from and what they cover

Franklin Township. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Franklin Township itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.